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Recent Bankrupcy Law News:
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(Reuters) - Jefferson County, Alabama, has no legal grounds to be in municipal bankruptcy proceedings, the county's creditors argued in a court filing on Friday. Bank of New York Mellon Corp, as the indenture trustee for the holders of county sewer warrants, asked U.S. Bankruptcy Judge Thomas Bennett to dismiss the bankruptcy case, claiming Jefferson County does not qualify for Chapter 9 relief ...
HARRISBURG, Pa (Reuters) - Harrisburg's city council has decided to appeal a federal court judge's decision to deny its entry into municipal bankruptcy court, a lawyer representing the council said. Middle District Judge Mary France ruled last month that the city could not pursue Chapter 9 bankruptcy proceedings because a law that was changed over the summer revoked the city's authority to file ...
Regulators are investigating whether MF Global Holdings Ltd. intentionally used customer funds to cover the bankrupt firm’s margin payments on European government bond trades, bolstering their ability to retrieve the missing money, people with knowledge of the probe said.
A Minneapolis lawyer has responded to a judge's threat of a hefty fine over an insult-laden legal memorandum by filing a reply loaded with even more religious slurs than the one prompting the judge's warning.
KARACHI : Chairman, Standing Committee on Communication FPCCI Muhammad Noman Saigal has said that strengthening the banking sector bankruptcy law is practiced globally to provide comfort to the business community, but in Pakistan the essential component is not associated in this regard.
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